Berkshire Q4 operating earnings $8.48B, up 28% YoY; $2.2B in buybacks
BERKSHIRE HATHAWAY INC
- Q4 operating earnings $8,481M vs $6,625M YoY; full-year $37,350M vs $30,853M.
- GAAP net earnings $37.6B in Q4 ($26,043/Class A share) driven by $29.1B investment gains.
- Repurchased $2.2B of shares in Q4, totaling $9.2B for full-year 2023.
- Insurance float $169B at Dec 31, 2023, up $5B from year-end 2022.
- Includes ~$2.4B remeasurement gain from increasing stake in Pilot Travel Centers to 80%.